The Asia Responsible Enterprise Awards (AREA) 2023 is pleased to honor 78 outstanding business leaders and enterprises for championing sustainable and responsible business practices. Presented by leading regional NGO Enterprise Asia, the AREA is the most reputable award recognition program recognizing organizational efforts in creating a culture of compassion, integrity, and in being socially responsible corporate citizens. The AREA serves as a badge of excellence to spur further innovation and best-practice for sharing about the organization and the world at large.
Taiwan Life Insurance Co.,Ltd (Taiwan Life) was among the recipients who were conferred with the Social Empowerment and Health Promotion Awards. As the country’s oldest insurer, established by the government in 1947 and privatized in 1998. Now with its parent company, CTBC Holding’s “We are family” spirit as a part of its culture, Taiwan Life has already become an indispensable tool in fulfilling the company’s mission to protect and build its customers’ wealth.
For its Social Empowerment Award, Taiwan Life intends to incorporate Sustainable Development Goals into its daily operations, building the foundations of its ESG Vision which aims to cater to the health of people of all ages.
Taiwan Life will promote the concept of health self-management to all people through diverse health promotion services, activities, and tools, as the company considers healthy aging to be an important topic.
To successfully promote healthcare among the elderly, Taiwan Life has been engaged in charity for the elderly for many years and began this outreach in communications with its core expertise in insurance. The company views itself as a health pioneer and continues to communicate with society and engage in health promotion among the elderly through baseball, as well as utilizing digital technology to target three major health goals for elderly people. These goals are prevention, slow aging, and precision.
Taiwan Life has succeeded in creating the first Three-Generation Inter-League Games by working together with key partners and expanding its social influence. The company combined its internal sports resources with its parent company, CTBC Holding, and linked it to SDG 17: Partnerships To Achieve The Goal by strengthening the means of implementation and revitalizing its global partnerships for sustainable development.
Besides providing coaches to adult baseball teams in Taichung, Taiwan Life invited the director of the Sports Bureau, Taichung City Government, and baseball teams at all levels, including youth baseball, professional baseball, and adult baseball, to the Three-Generation Inter-League Game. This managed to expand the influence of this project through the participation of key partners and further draw public attention to elderly health issues. A total of 302 people participated in the Three-Generation Inter-League Games.
For its Health Promotion Award, Taiwan Life Insurance teamed up with a group of insurance companies to fulfill the “Good Health and Well-Being” SDG, helping companies create healthy workplaces to achieve ESG sustainable development.
The “TeamWalk Workplace Health Management App” project has helped improve the health of company employees. This has led to lower payouts in the long-term for the various policies that are available in the application. Additionally, Taiwan Life and its accompanying partner insurance companies were able to provide rebates on group health management product premiums to companies.
The “TeamWalk Workplace Health Management App” project was granted eight digital innovation awards and three utility model patents at in Taiwan and abroad. In 2023, over 3,000 group insurance companies agreed to use the TeamWalk App, benefiting 630,000 employees.
Taiwan Life works hard to continue to organize a variety of creative activities and promote healthy cultures and communities. Taiwan Life will work with even more partners in the future to jointly empower health for various groups and realize its ESG vision of “health and sustainability for all”.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.